Netflix (NFLX) : R. G. Niederhoffer Capital Management Inc scooped up 8,700 additional shares in Netflix during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 23,900 shares of Netflix which is valued at $2,709,782.Netflix makes up approximately 12.66% of R. G. Niederhoffer Capital Management Inc’s portfolio.
Other Hedge Funds, Including , I.g. Investment Management Ltd. sold out all of its stake in NFLX during the most recent quarter. The investment firm sold 41,021 shares of NFLX which is valued $4,650,961.Ifp Advisors Inc reduced its stake in NFLX by selling 852 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 24,663 shares of NFLX which is valued at $3,009,626. Netflix makes up approx 0.17% of Ifp Advisors Inc’s portfolio.Private Capital Management Inc reduced its stake in NFLX by selling 2,600 shares or 37.68% in the most recent quarter. The Hedge Fund company now holds 4,300 shares of NFLX which is valued at $544,251. Netflix makes up approx 0.58% of Private Capital Management Inc’s portfolio.Cornerstone Advisors boosted its stake in NFLX in the latest quarter, The investment management firm added 228 additional shares and now holds a total of 1,118 shares of Netflix which is valued at $137,905. Netflix makes up approx 0.14% of Cornerstone Advisors’s portfolio.
Netflix opened for trading at $115.73 and hit $116.42 on the upside on Monday, eventually ending the session at $115.21, with a gain of 0.16% or 0.18 points. The heightened volatility saw the trading volume jump to 67,46,783 shares. Company has a market cap of $49,442 M.
On the company’s financial health, Netflix reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $0.05. The company had revenue of $2290.00 million for the quarter, compared to analysts expectations of $2281.72 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Netflix. Brean Capital Initiated Netflix on Nov 21, 2016 to “Buy”, Price Target of the shares are set at $145.Company shares were Reiterated by Loop Capital on Oct 18, 2016 to “Buy”, Firm has raised the Price Target to $ 133 from a previous price target of $125 .Company shares were Reiterated by Axiom Capital on Oct 18, 2016 to “Sell”, Firm has raised the Price Target to $ 84 from a previous price target of $80 .
Netflix Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month including original series documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play pause and resume watching all without commercials or commitments. Additionally in the United States its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.